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Property profile & analytics
OFF-MARKET
Commercial land

601 Anderson St Tullahoma, TN 37388-3943

0.36 ac lot
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US80-0113953
Property summary
AI-generated overview

This exceptional .47-acre commercial lot presents a remarkable opportunity in Tullahoma, Tennessee. Situated on the corner of South Anderson Street and Carroll Street, this property boasts exceptional visibility and high traffic counts, making it ideal for a variety of commercial ventures. The lot comprises two combined parcels, offering ample space for development. Previous approvals were obtained for the construction of a roughly 3,000 square foot building, providing a solid foundation for potential buyers. The strategic location benefits from easy access from both streets, enhancing convenience and accessibility for customers and employees. This property's prime location is further amplified by the ongoing construction of businesses on two adjacent corners, creating a synergistic environment and promising future growth. The high visibility and substantial traffic flow make this an excellent investment for businesses seeking a prominent presence in a thriving area. The seller had previously secured approval for a building of approximately 3,000 square feet, streamlining the development process for prospective buyers. This turnkey opportunity is perfect for entrepreneurs and developers looking to establish a strong foothold in a dynamic commercial landscape. Don't miss this chance to acquire a highly visible and strategically located commercial property in a rapidly developing area of Tullahoma. The property is priced at $415,000.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.36 ac (15,625 SF)
APN 016124M B 00100
UPID US80-0113953
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hank Rymer · 4 yrs held
Hank Rymer
since 2022
Last sale
$200,000
3 recorded transactions
2022
$200,000
2005
$210,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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